Consumers are losing patience with slow know your customer (KYC) practices and are moving toward new payment challengers who have streamlined the verification process, a new report claims.
Lobbyists are urging European authorities to exclude certain transactions from stringent internet payment security rules set to be ready next January.
In a market traditionally dominated by banks, cards and cash, early signs of promise for Latvia’s fledgling non-bank payment sector are starting to appear.
German payments companies are headed for a period of uncertainty as the country’s financial regulator BaFin considers its plans for implementing new European rules.
New European payments laws do not sufficiently address controversial practices such as “screen scraping”, industry experts have said, causing delays to innovation and risks to financial data security.
Payments innovators risk being subdued by uncertainty over changes to EU anti-money laundering laws and the increasing pressure on speedier implementation, legal experts have said.
Sweden’s central bank has proposed amendments to payments laws that would require financial firms to handle cash, despite warnings from regulators that cash-related money laundering and terrorist...
Ireland is due to hold a public consultation on its plans to implement European payments rules aimed at levelling the field between start-ups and banks, PaymentsCompliance has learnt.
Payments providers are concerned that impending rules from the European Banking Authority (EBA) on security will be too prescriptive and difficult to comply with. 
Financial regulators in Hungary are forecasting that reforms to European payments rules will finally open up the market to innovation, after a previous update failed to have an impact.
PaymentsCompliance spoke with legal experts to discuss the ramifications of a Brexit on the payments industry, as incoming regulations add complexity to the already delicate and uncertain situation.
The UK’s foremost financial regulator acknowledged that changes to payments regulation are creating barriers to innovation in the country, following a government consultation on digital technology.
Worldpay, the £5.5bn UK payments firm, is claiming that international expansion is forcing merchants to deal with tricky regulations and security risks in an “increasingly complex” market. 
A new EU-wide counter-terrorism bill is expected to include virtual currency businesses within its scope, adding to fears that businesses using the payments technology could soon be overburdened by...
A senior European Central Bank (ECB) executive has said the rapid rise of fintech could heal “deep scars” left on the global economy by the financial crisis, but that policymakers and banks must...
Payment service providers (PSPs) are eyeing a further boost to their fortunes as Italian authorities gain greater oversight of them under new European rules.
Cracks may already be appearing in the Lithuanian banking sector’s stranglehold over the country’s payments market after a show of support for new entrants by the regulatory authorities.
Irish authorities have vowed to make life easier for payment providers by speeding up the time taken to process licence applications, and is expected to exempt e-money firms from certain provisions...
One hundred and fifty years of banks ruling the Dutch payments space is ending as new challengers ring in the changes brought about by EU reforms.
The European Commission has drafted a plan for “smart” regulation of distributed ledger blockchain technology as it considers the transformative impact on the payments industry.

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